Real Estate

Gansu Real Estate Information

Since Gansu’s cities are relatively small and undeveloped, finding finished industrial manufacturing and warehouse facilities to rent is more difficult than in other, more economically advanced provinces. Average purchase prices for industrial land in Gansu are very competitive compared to those in Southern China, ranging from RMB 168 per square meter in Honggu District in Lanzhou to as low as RMB 96 per square meter in Gaolan County. Industrial rental costs range from RMB 20 per square meter, all the way up to RMB 83 per square meter. Utility costs for industrial purposes have been on a rise since power shortages across the nation occurred in early 2011. Manufacturing facilities throughout the past five years have been growing so quickly that China’s infrastructure is having a difficult time providing the necessary resources to keep up. In some cases, China has cut back production hours so that electricity needs and water supply needs may be equally met. As China has struggled to meet electricity demands throughout the nation, the cost of electricity, from 2010 to 2011, increased by RMB 0.012 per kilowatt hour ($0.004 per kwh). Gansu’s average water cost in 2010 was RMB 1.9 per cubic meter, and the electricity cost was RMB 0.492 per kilowatt-hour.

For more information, please view our Guide to Real Estate Prices in China and our Guide to Manufacturing Utility Costs in China.

Please click here for a list of Industrial Parks in Gansu that are specially developed for foreign investments and often times offer special incentives and/or programs for foreign companies.

A Note on Industrial Parks: Most new and developing industrial parks in China conduct real estate deals in-house instead of using third-party brokerage services.

Agency Description
CBRE Global real estate services firm with offices throughout China

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